BlackRock Amends FINANCIAL INSTITUTIONS INC Stake (13G/A)
Ticker: FIISP · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 862831
| Field | Detail |
|---|---|
| Company | Financial Institutions Inc (FIISP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in FINANCIAL INSTITUTIONS INC via a 13G/A.**
AI Summary
BlackRock, Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating its ownership of Common Stock in FINANCIAL INSTITUTIONS INC as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures regarding their stake in the company. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal their confidence (or lack thereof) in the stock's future performance.
Why It Matters
This filing shows BlackRock's updated position in FINANCIAL INSTITUTIONS INC, providing transparency on a significant institutional investor's holdings. Investors often track such filings to gauge institutional sentiment and potential future stock movements.
Risk Assessment
Risk Level: low — This is a routine disclosure filing by a large institutional investor and does not inherently signal high risk.
Analyst Insight
Investors should review the full SC 13G/A filing to understand the specific changes in BlackRock's ownership percentage and voting power in FINANCIAL INSTITUTIONS INC, as this detail is not provided in the excerpt but would be crucial for assessing the impact.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- FINANCIAL INSTITUTIONS INC (company) — the issuer whose securities are being reported
- January 25, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event requiring the filing
- Amendment No. 14 (number) — the specific amendment number of this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 14)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company (issuer) of the securities being reported?
The subject company, or issuer, is FINANCIAL INSTITUTIONS INC, as clearly stated under '(Name of Issuer) FINANCIAL INSTITUTIONS INC'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of FINANCIAL INSTITUTIONS INC is 317585404, as listed under 'CUSIP No. 317585404'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding FINANCIAL INSTITUTIONS INC (FIISP).